Boyd Gaming's first quarter 2026 revenue beat estimates, but EPS missed amid weakness in Las Vegas Locals.

Boyd Gaming reported first quarter 2026 revenues of $997.4 million and adjusted EPS of $1.60. While revenue slightly surpassed prior-year results of $991.6 million, adjusted EPS declined from $1.62 in the year-ago period.

Key Highlights

• The Midwest & South segment delivered growth, with revenue increasing 4.1% to $525.1 million and Adjusted EBITDAR rising 5.1% to $192.6 million year-over-year.
• As analysts monitored, the Las Vegas Locals segment weakened, with Adjusted EBITDAR declining 6.1% to $100.0 million due to softness in destination business and renovation disruptions.
• Profitability in the Online segment fell sharply, with Adjusted EBITDAR of $8.4 million compared to $23.3 million in the prior year, reflecting new economic terms post-FanDuel monetization.